UPFRONT
EDITOR’S LETTER www.mpamagazine.com.au
Taking the road to recovery
T
here is no doubt that the last 12 months have been tough for businesses. Even with restrictions rolling back, 54% of SME owners still reported revenue losses in March, according to the ACA Research Business Sentiment Tracker. While many are now ready and eager to begin investing in their businesses again, it has been a long road. The entire commercial lending sector has been affected by the events of 2020. With a complete change to how Australians work, usually-bustling cities have quietened down as people work from home. Many businesses have rethought their large, centrally located office spaces in favour of smaller offices and more flexible working arrangements. In October 2020, Colliers International released its ANZ Capital Markets Outlook 2021 report, revealing a 58% drop in commercial real
With more mortgage brokers than ever writing commercial loans, those who do not yet offer a diversified service are up against some stiff competition estate transactions in the first three quarters of 2020 in Australia. The hotel sector was the most affected, followed by the office and retail sectors. MPA spoke to a few of the brokers in this year’s Top 10 Commercial Brokers list about their experiences of the last year in commercial lending and how they overcame any challenges. For mortgage brokers thinking of moving into commercial, these brokers can provide invaluable insights into what to expect. More than 4,500 mortgage brokers have already taken steps towards diversifying, according to the latest MFAA Industry Intelligence Service report. With more mortgage brokers than ever writing commercial loans, those who do not yet offer a diversified service are up against some stiff competition. Australia is now seeing the light at the end of the tunnel: many restrictions have been lifted, consumers are more confident than they have been in over 12 months, the workforce is returning, and businesses are ready to invest. After a difficult and confusing year, and with the myriad of solutions out there, who better than a broker to turn to for help? Keep reading as MPA takes a deep dive into the different areas of commercial lending and what they can do for your business.
MAY 2021 EDITORIAL
SALES & MARKETING
Editor Rebecca Pike
National Sales Manager Claire Tan
Contributors Renée Giarrusso, David Gill, Repa Patel, Gaiti Rabbani Production Editor Roslyn Meredith
Global Head of Media Marketing Lisa Narroway
CORPORATE
ART & PRODUCTION
Chief Executive Officer Mike Shipley
Designers Cess Rodriguez, Aira Olgado
Chief Operating Officer George Walmsley
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Managing Director Justin Kennedy Chief Information Officer Colin Chan Human Resources Manager Julia Bookallil
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Rebecca Pike, editor, MPA Copyright is reserved throughout. No part of this publication can be reproduced in whole or part without the express permission of the editor. Contributions are invited, but copies of work should be kept, as the magazine can accept no responsibility for loss.
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